A short position laid out on the seventh day of the month, didn't expect it to drop so quickly, feels like I'm dreaming 🤣🤣🤣🤣#Crypto#MarketAnalysis#加密市场回调
Solana Struggles to Reach $200 – Will SOL Price Fall Below $190 or Rally Strongly to $210?
The cryptocurrency market is facing significant upward pressure as bulls have failed to hold the current support levels. As a result, Solana price, which had risen above $200, fell below that level and has been unable to recover the lost ground. The growing selling pressure is expected to push price levels lower in the coming hours and a break below $190 could trigger FUD that could lead to a drop below the critical support level of $188.
Should you be bearish on SOL price in this scenario? Will the price lose momentum and fall below $180?
Looking at Solana’s daily chart, it is clear that the price has been continuously forming lower highs and lower lows. This shows that bears have enough dominance over the coin and hence may eventually apply pressure frequently. Meanwhile, bulls are struggling to defend the $195 support level, rekindling hopes of a bullish reversal. Solana’s daily chart appears bearish as the technical picture does not support the bullish narrative at the moment. The price continues to trade inside a descending wedge and seems to be about to drop to the support level after facing a rejection at the resistance level. However, one might not expect an extreme squeeze as a bounce to $190 or $188 seems to be pre-set. The decline in MACD selling pressure confirms the bullish proposition, while a possible bearish crossover activates the bearish target below $190.
Therefore, Solana price is believed to maintain its downward trend and eventually test the lower target, which is a strong demand area. The coin has triggered a strong rally every time it has tested these levels. Moreover, the buying volume has failed to accumulate and the buyer interest has declined. Therefore, after a minor dip below $190, liquidity could influx which could help the coin to revive a strong rally.
At the same time, if the price rises above $200 and holds the $210 level, it could offset the bearish impact, which could push the price above the yearly high of $225. At this point, market participants may be bullish on Solana (SOL) prices and anticipate a new ATH in 2025. #比特币价格走势分析
Will BTC experience a significant rebound? Yesterday, BTC tested the bottom support, falling to a low of 92500 before stopping the decline, and then rebounded from the bottom, bringing BTC back to around 95300. We are also seeing a rebound in the market. Looking at the technicals, the daily chart for BTC closed with a bearish candle again. After the BTC price pierced the lower Bollinger band, it quickly rebounded. In the morning, BTC rebounded above 95000 but then continued to decline. The Bollinger bands are slightly opening, and both KDJ and MACD are showing signs of a death cross, indicating an overall bearish trend on the daily chart, although the closing price suggests a potential bottoming out! On the four-hour chart, the Bollinger bands are widely opening, with BTC trading near the lower band. However, after the price pierced the lower band, it quickly rebounded. In the morning, there was a transition from bearish to bullish. The KDJ turned upward forming a golden cross, and the MACD volume is starting to slow down. From a four-hour perspective, the price might be bottoming out, so everyone should avoid blindly shorting! Overall, while the larger trend remains bearish, there are signs of a potential bottom, so during the day, a long position can be initiated, and we can see if it will reverse after rebounding to the resistance level! The resistance levels to watch are 96000, 97300, 98200, and 99000, while the support levels are at 93400, 92500, and 91500. BTC trading strategy: Aggressive traders can enter long positions at 93500-94000, add positions around 93000, with a stop loss below 92500. The target is around 94500-95200, if broken, then look for 96000-96500-97000, and if the rebound is strong, hold based on the situation!
If the price of Ripple breaks above the upper boundary of the symmetrical triangle, a rebound may occur.
If the price of Ripple breaks the symmetrical triangle, a rebound may occur. The price of Ripple is trading within a symmetrical triangle, which is a technical pattern formed by multiple highs and lows connected by two converging trend lines (from early December to early January). This technical pattern has a bullish tendency, and the target is typically obtained by measuring the distance between the first swing high and the first swing low to the breakout point.
On Tuesday, XRP faced rejection at the upper trend line of the symmetrical triangle and fell by 6.15%. As of Wednesday when this article was written, it has slightly recovered, trading at approximately $2.32.
Assuming the breakout occurs on a daily candlestick close above the daily resistance level of $2.56, the technical target obtained from this pattern would be $3.63. Investors should remain cautious about this theoretical trend, as after a 17% rise to retest Ripple's psychologically significant level of $3.00, traders may opt to take profits, which could lead to a slowdown.
The RSI indicator reading is 53, above the neutral value of 50, indicating a strengthening bullish momentum.
However, if XRP closes below the daily support level of $1.96, it will continue the downtrend and retest its next support level of $1.40.
The price of the cryptocurrency has once again broken the 100,000 mark, with high positions set for a waterfall! 1.7 Big Cake Aunt's Trading Ideas
From a technical perspective, Big Cake has seen seven consecutive green days on the daily chart, with a solid bullish candle closing this morning. The price has once again broken through the upper Bollinger band, which has reopened after a contraction. However, the fast line of the KDJ indicator shows signs of slowing at a high level, while the MACD shows a golden cross with increasing volume! The daily trend is strongly bullish, but since it has broken above the upper Bollinger band, a correction or pullback is expected!
The spot ETF market has also seen limited capital inflow, with only MicroStrategy increasing its holdings by 20 million. After a high surge, US stocks have retraced most of their intraday gains, suggesting a higher possibility of bearish pullbacks! Therefore, for intraday trading, Conan recommends mainly shorting at high positions! Key resistance levels to watch are 102,800, 103,500, 104,000, and 105,000, while support levels are at 101,000, the 100,000 mark, 98,700, and 97,200.
1.7 Big Cake Trading Ideas: Enter the first short position in the range of 102,000-102,500, add to the position around 103,500, and set a stop loss near 104,000 (adjust reasonably according to your own position). Target around 101,000-100,000; if broken, hold for 99,000-98,700.
Long Position Strategy: Try to go long near 99,000, with a stop loss of about 500 points, targeting around 99,500-100,000; if broken, look at 101,000.
1.7 Ethereum Trading Ideas: Aggressive traders can short near 3,700, while conservative traders can enter around 3,730-3,750, with a stop loss above 3,780 and a target of 3,650-3,600-3,570; if broken, target 3,550-3,500.
Long Position Strategy: Try to go long near 3,500, with a 30-point stop loss, targeting around 3,550-3,600-3,650.
The last time it broke 100K was driven by capital, but this time it is mainly due to increased holdings from US stocks and MicroStrategy, which is also driven by capital. Without continuous capital injection, it will be difficult for the bullish trend to continue. Conan believes there is an opportunity to take a medium to long position short. Everyone can enter their first position according to the strategy! #BTC重返10万
#xrp XRP Can It Maintain Its Momentum? Key Indicators and Price Levels Overview
As of the time of writing, XRP's trading price is close to $2.4, reflecting a slight pullback from recent highs.
The cryptocurrency is in a critical consolidation phase, with its future trajectory dependent on key technical indicators.
XRP Overbought Signal in Effect
The Commodity Channel Index (CCI) displayed on the chart indicates overbought conditions, with a value of 101.77. This suggests that XRP may face short-term selling pressure.
However, it is worth noting that overbought conditions do not always mean a correction is imminent, especially during a strong upward trend.
The Rate of Change (ROC) is also present on the chart, highlighting upward price momentum, confirming that buyers still maintain a certain level of control. These indicators collectively suggest that bulls must sustain momentum to avoid a reversal. Trend Strength and Long-Term Optimism
XRP's trend indicators provide important context. The chart shows that the 50-day Simple Moving Average (SMA) remains above the 200-day Moving Average, indicating a sustained long-term bullish trend.
The Ichimoku cloud further supports this view, with XRP trading above the cloud. This positioning confirms the token's bullish momentum, with the leading span indicating strong support at the $2.00 level.
Despite these positive signs, the Directional Movement Index (DMI) shows that, while +DI (Bullish Directional Indicator) leads -DI (Bearish Directional Indicator), the Average Directional Index (ADX) is at a moderate level of 19.55, indicating that the trend has not fully developed. Defining the Battle Zone
The Gann fan analysis in the chart is particularly noteworthy. XRP is testing a significant support angle, emphasizing the importance of holding above the critical $2.00 mark. This level is key to maintaining the current trend.
On the resistance side, the Gann fan and Fibonacci projections indicate that $2.50 is a key obstacle.
Breaking above this level could pave the way for XRP to target the $3.00 region, while failing to hold the $2.00 support could lead to a deeper correction.
Volatility Narrowing, Breakout Potential Looms
The volatility indicators in the chart suggest that XRP's price movement is tightening. The Bollinger Bands are contracting, indicating reduced volatility and the potential for a breakout.
After a 32% price increase in the past two weeks, Render is testing the $8 resistance zone.
After retesting the key resistance level two weeks ago, Render surged over 32%.
The recovery in the number of profitable addresses and trading activity indicates further upside potential. Render [RNDR] has been under the spotlight following its recent bullish momentum. Since retesting the key triangle flag resistance level about two weeks ago, the altcoin has soared over 32%. This impressive rebound now faces a crucial barrier at the $8 resistance zone. Can Render break through this barrier and extend its gains? Let's delve into the data. Render bulls aim for the $8 resistance zone The $8 resistance level has become a critical point in Render's price action. This area represents a strong psychological and technical barrier, as this level has previously repelled the altcoin's price multiple times. Historically, such levels often increase selling pressure as traders look to take some accumulated profits. However, with 65% of RNDR addresses currently in profit, confidence in the token's bullish potential remains strong. The improvement in altcoin trading activity has intensified this optimism. According to data from IntoTheBlock, its trading volume has been steadily rising, suggesting renewed interest from market participants. This uptick in activity indicates that bulls may have enough momentum to challenge the $8 level. On-chain metrics bring optimism In addition to price action, Render's on-chain metrics paint a hopeful picture. For instance, the number of active addresses and trading volume for the altcoin have steadily climbed throughout the rebound. This typically indicates high network utility and strong investor participation—the key sentiment for sustained price increases. Render's recent performance has also aligned with broader cryptocurrency market trends. Driven by favorable macroeconomic indicators and adoption, the cryptocurrency market has recently turned bullish. If this positive overall market sentiment continues, the altcoin could benefit further. Can Render break through? In the recent downturn, Render worth $272K was liquidated at the $6.6 price level, with the next liquidity pool around $8.2. This liquidity pool could potentially push the altcoin's price higher. Failure to break through this area may lead to a short-term pullback.
Good afternoon, brothers. After looking at Bitcoin, there hasn't been much fluctuation at night. Yesterday, the daily line closed with a doji star, so let's see if we can close with a bullish candle today. If we close bullish, we will continue to rise, but if we break below yesterday's low and close bearish, then this wave of continuous five-day increases will temporarily come to an end! Now, let's talk about Ethereum. Relatively speaking, it is slightly stronger than Bitcoin. The 4-hour level has already gone through several waves. Today, pay attention to the top and bottom of the consolidation area. Only by breaking out of the consolidation area can we find a clear direction! Today's market analysis: #BTC Bitcoin is currently consolidating at the 4-hour level. Today, pay attention to the position of 98210. As long as it does not fall below this position, the 1-2-4 hour levels are still in a bullish consolidation, and we will continue to rise. The upper target/resistance levels to pay attention to are around 98932-99943-101510! If today the 1-2-4 hour level closes below 98210, then those levels will need to start correcting. The lower support levels to pay attention to are around 97485-96520-95760 (97485 is the bottom of the consolidation area). Ethereum accurately reached the second resistance level of 3674 at night and then started to correct. Today, pay attention to the position of 3630. As long as it does not fall below this position, the 2-4 hour levels are still bullish, and we will continue to rise. The upper target/resistance levels to pay attention to are around 3674-37188-3770! If today the 2-4 hour level closes at the position of 3674, then those levels will need to start correcting. The lower support levels to pay attention to are around 3585-3532-3480.
2025 will be a pivotal year. With President Trump set to take office, many anticipate a bull market, which provides an excellent growth opportunity for these altcoins. "Helium (HNT): HNT is the native token of Helium, which is one of the top DePIN cryptocurrencies and is currently revolutionizing wireless connectivity by leveraging blockchain technology and incentivizing community participation. The market cap of this leading DePIN project is $1.15 billion, and it has the potential to double or even triple by 2025. The token looks very promising, not only because of its innovative project but also due to the price trends observed recently on a daily time frame. The past month has been challenging for altcoins, as its price has dropped over 42%. However, it now seems poised for upward momentum. After the recent drop, HNT has successfully found support at the critical level of $5.90 and is currently showing signs of a reversal on the daily time frame. Based on its recent price movements, if HNT can maintain above $5.50, it is likely to surge 45% to the level of $9.50 in the near future.
Ethereum Bullish Breakout: Is it Possible to Reach $4,000 in Q1 2025? Will Ethereum's continued breakout lead to a rebound above $3,400 and extend the rebound beyond the $3,568 supply area? With Bitcoin returning to the $96,000 level, Ethereum is also experiencing a recovery growth.
After a breakout rebound on the 4-hour chart, Ethereum's bullish momentum is strengthening. Will this breakout allow Ethereum to surpass the $3,500 supply area? Let's take a look.
ETH Price Analysis
On the 4-hour chart, Ethereum's price trend shows that the triangle breakout rebound momentum is strengthening. Following a series of six consecutive bullish candles, Ethereum rebounded by 3.17% from the local trend support line.
After breaking the local resistance line, the bullish trend broke above the 20 and 50 moving averages. With prices rising by 0.70% in the past 4 hours, an upward trend has emerged.
Ethereum's price has surpassed the short-term resistance level of $3,415, as well as dynamic resistance and trend lines. The bullish recovery is supported by the 4-hour RSI line, which has reached 60.32.
Heading towards the overbought zone, momentum indicators show increasing buying pressure. Additionally, the likelihood of a bullish crossover between the 20 and 50 EMA lines has significantly increased, potentially indicating buying opportunities.
Ethereum ETF Slightly Rebounds
Ethereum ETF flows have improved during the recovery. On December 31, the U.S. spot Ethereum ETF saw a daily net inflow of $35.93 million.
Fidelity led the upward trend with an inflow of $31.77 million, followed by Grayscale's Mini Ethereum Trust with a cumulative inflow of $9.77 million, although Grayscale's ETH ETF experienced an outflow of $5.61 million.
Ethereum's Target Based on recent price trends, a sustained recovery will challenge the supply area around $3,568. While dynamic moving averages provide strong resistance near $3,457 and $3,481, breaking above $3,500 will determine the future direction of Ethereum's price.
Specifically, a bullish closing price above $3,568 will increase the chances of Ethereum returning to $4,000 in Q1 2025. However, failing to close above $3,568 may lead to the continuation of a sideways trend and increase the likelihood of breaking below the psychological level of $3,000.